MikeT Posted August 11, 2012 Report Share Posted August 11, 2012 Heard a rumor from a fairly reliable source that Minelab or it's parent company has been sold to some Indoniason concern of some sort, details lacking. Any details/confirmation/denial appreciated.Sorry about the spelling - damned spell checker not working on this forum.Mike Link to comment Share on other sites More sharing options...
DOC Posted August 11, 2012 Report Share Posted August 11, 2012 Well Minelab was sold to CODAN, but that happened a couple of years ago. CODAN is an extremely large company with many different divisions.Now a lot of Minelab detectors are made at one of CODAN's manufacturing plants in Malaysia. Is this what you are referring to?Updated February 15, 2008 15:07:00PHOTO: Communications company Codan is taking over another SA company Minelab (file photo).MAP: Adelaide 5000Communications company Codan has announced a $70 million takeover of another South Australian business Minelab, which makes metal and landmine detection devices.Codan will acquire all the shares in Minelab, which has 130 workers at Torrensville in Adelaide and another 60 overseas.Codan says the takeover is expected to greatly boost its earnings and give it major technology, market and product diversification.Doc Link to comment Share on other sites More sharing options...
AZNuggetBob Posted August 12, 2012 Report Share Posted August 12, 2012 Mike I read that Codan sold their "SATELLITE COMMUNICATIONS ASSETS TO CPI INTERNATIONAL" a couple months ago but nothing about the Minelab division and that's according to their shareholders reports. AzNuggetBob Link to comment Share on other sites More sharing options...
Admin nuggethunting Posted August 12, 2012 Admin Report Share Posted August 12, 2012 Hello All, Hopefully this isn't the case, well I know it's not true. Next month Minelab Americas is having their annual Minelab Partners Conference In Virginia. I'm not sure I could get a refund on the airfare, rooms and other expenses that I have paid for already. Link to comment Share on other sites More sharing options...
beepinpete_WA Posted August 12, 2012 Report Share Posted August 12, 2012 Haven't heard anything over here in OZThe company in Malaysia contracted to produce Minelab machinesis Plexus.Pete Link to comment Share on other sites More sharing options...
dutch john Posted August 12, 2012 Report Share Posted August 12, 2012 I understand that Codan shut down all of their Ireland Minelab manufacturing facilies in theirmove to Malaysia? Link to comment Share on other sites More sharing options...
MikeT Posted August 12, 2012 Author Report Share Posted August 12, 2012 Thanks guys, I knew about the sale to Codan a couple years ago. This rumor just popped up within the last week and I was asked if I knew anything about it. It might be the moving of manufacturing to Malaysia. I'll see if I can get anything additional on this end and report back on anything significant.Mike Link to comment Share on other sites More sharing options...
DolanDave Posted August 12, 2012 Report Share Posted August 12, 2012 In 2008 Codan acquired Adelaide based Minelab Electronics Pty Ltd, and its wholly owned subsidiary Parketronics Pty Ltd. Also when you go to the Codan website, click on their metal detection link it goes to the Minelab website.Dave Link to comment Share on other sites More sharing options...
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